Iconic Newport Italian Restaurant – Over 40 Years

Iconic Newport Italian Restaurant – Over 40 Years — Food & Beverage · Newport, VIC · Asking $165,000 · Revenue $416,000

Well-established Italian restaurant serving the Newport community for over 40 years High-profile main-road location in a popular shopping strip Fully equipped commercial kitchen with seating for 50 customers Dine-in, takeaway and delivery operations in place Trades six evenings a week with an experienced casual team

DealProspect/Listings/Food & Beverage

Iconic Newport Italian Restaurant – Over 40 Years

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$165,000

Disclosed · AUD

Revenue

$416,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Well-established Italian restaurant serving the Newport community for over 40 years
High-profile main-road location in a popular shopping strip
Fully equipped commercial kitchen with seating for 50 customers
Dine-in, takeaway and delivery operations in place
Trades six evenings a week with an experienced casual team

How it compares

Restaurants in Victoria · asking prices

46% above restaurants here

Restaurants here ask a median 0.27× revenue. On its $416,000 revenue, that points to about $113,000; reads like this are typically within 30%, so $79,100 to $147,000. It asks $165,000.

Asking price: $165,00024% below the median of $217,500
Revenue: $416,000median is $1,040,000
Revenue multiple: 0.4×0.27× across the market; higher than 123 of 151
Time listed: 18 daysno price change

Restaurants in Victoria

Restaurants for sale in Victoria (242) →

Listed

242

+21 in 30 days

Median asking

$218K

198 priced

Median revenue

$1M

175 disclose

Earnings multiple

2.1×

10 listings

Price drops

in 30 days

Asking price spread198 of 242 state a price

This listing · $165K

12%

44%

24%

12%

Under $100K$2.5M–$5M

Australia 494 · New South Wales 111 · Queensland 75 · South Australia 25 · Western Australia 23

Cafes 448 · Takeaways 316 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67 · Bars 60

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